Futures for Canada’s largest centre moved higher on Monday thanks to gains in materials and energy stocks leading a broad increase. Statistics Canada reported that wholesale sales excluding petroleum fell 0.1 per cent to $85.6 billion in March. This decrease in sales was led by the miscellaneous subsector and machinery equipment and supplies subsector.
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On Wall Street, markets bounced back from back-to-back weekly losses for the Dow Jones Industrial Average and S&P 500, as investors took stock of the ongoing debt ceiling negotiations. Also on traders’ minds was the latest data for Empire State Manufacturing survey, which showed a collapse in manufacturing activity in New York.
| TSX | 20,539.97 | +120.35 |  |
| TSXV | 615.81 | -2.03 |  |
| CSE | 160.91 | -0.40 | |
| DJIA | 33,348.60 | +47.98 | |
| NASDAQ | 12,365.21 | +80.47 | |
| S&P 500 | 4,132.65 | +8.57 | |
The Canadian dollar traded for 74.24 cents US, compared to 73.78 cents US on Friday.
US crude futures traded $1.01 higher at $71.05 a barrel, and the Brent contract gained $1.02 to $75.19 a barrel.
The price of gold was up US$4.46 to US$ 2,015.84.
In world markets, the Nikkei was up 238.04 points to 29,626.34, the Hang Seng was up 343.89 points to 19,971.13, the FTSE was up 23.08 points to 7,777.70, and the DAX was up 3.42 points to 15,917.24.
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